Urban Edge Properties (NYSE:UE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Urban Edge Properties (NYSE:UE) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.00.

UE has been the subject of several recent research reports. Weiss Ratings raised shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. UBS Group lowered their target price on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, Morgan Stanley boosted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th.

Institutional Trading of Urban Edge Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,071 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Urban Edge Properties in the third quarter worth $35,000. Smartleaf Asset Management LLC lifted its position in Urban Edge Properties by 45.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 593 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Urban Edge Properties by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,306 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new stake in Urban Edge Properties in the 3rd quarter valued at approximately $52,000. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $20.73 on Thursday. The company’s fifty day simple moving average is $19.23 and its 200-day simple moving average is $19.65. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 1.18. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $21.73. The company has a market cap of $2.61 billion, a PE ratio of 23.25 and a beta of 1.06.

Urban Edge Properties Company Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.